Common use of COBRA Payment Clause in Contracts

COBRA Payment. With the first payment commencing on the first day of the month following the month of the Employee’s Date of Termination due to a Disability, 24 monthly payments each equal to the Employee’s COBRA Premium; provided that such payments shall cease as of the date Employee becomes eligible for insurance coverage with a new employer. Employee is responsible for notifying Company of the date that Employee first becomes eligible for such insurance coverage.

Appears in 4 contracts

Samples: Employment Agreement (Crossfirst Bankshares, Inc.), Employment Agreement (Crossfirst Bankshares, Inc.), Employment Agreement (Crossfirst Bankshares, Inc.)

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COBRA Payment. With the first payment commencing on the first day of the month following the month of the Employee’s Date of Termination due to a DisabilityTermination, 24 36 monthly payments each equal to the Employee’s COBRA Premium; ;, provided that such payments shall cease as of the date Employee becomes eligible for insurance coverage with a new employer. Employee is responsible for notifying Company Employer of the date that Employee first becomes eligible for such insurance coverage.

Appears in 3 contracts

Samples: Employment Agreement (Crossfirst Bankshares, Inc.), Employment Agreement (Crossfirst Bankshares, Inc.), Employment Agreement (Crossfirst Bankshares, Inc.)

COBRA Payment. With the first payment commencing on the first day of the month following the month of the Employee’s Date of Termination due to a DisabilityTermination, 24 monthly payments each equal to the Employee’s COBRA Premium; provided that such payments shall cease as of the date Employee becomes eligible for insurance coverage with a new employer. Employee is responsible for notifying Company of the date that Employee first becomes eligible for such insurance coverage.

Appears in 2 contracts

Samples: Employment Agreement (Crossfirst Bankshares, Inc.), Employment Agreement (Crossfirst Bankshares, Inc.)

COBRA Payment. With the first payment commencing on the first day of the month following the month of the Employee’s Date of Termination due to a Disability, 24 12 monthly payments each equal to the Employee’s COBRA Premium; provided that such payments shall cease as of the date Employee becomes eligible for insurance coverage with a new employer. Employee is responsible for notifying Company of the date that Employee first becomes eligible for such insurance coverage.

Appears in 2 contracts

Samples: Employment Agreement (Crossfirst Bankshares, Inc.), Employment Agreement (Crossfirst Bankshares, Inc.)

COBRA Payment. With the first payment commencing on the first day of the month following the month of the Employee’s Date of Termination due to a DisabilityTermination, 24 monthly payments each equal to the Employee’s COBRA Premium; provided that such payments shall cease as of the date Employee becomes eligible for insurance coverage with a new employer. Employee is responsible for notifying Company of the date that Employee first becomes eligible for such insurance coverage.. CFB Employment Agreement

Appears in 2 contracts

Samples: Employment Agreement (Crossfirst Bankshares, Inc.), Employment Agreement (Crossfirst Bankshares, Inc.)

COBRA Payment. With the first payment commencing on the first day of the month following the month of the Employee’s Date of Termination due to a DisabilityTermination, 24 12 monthly payments each equal to the Employee’s COBRA Premium; ;, provided that such payments shall cease as of the date Employee becomes eligible for insurance coverage with a new employer. Employee is responsible for notifying Company Employer of the date that Employee first becomes eligible for such insurance coverage.

Appears in 1 contract

Samples: Employment Agreement (Crossfirst Bankshares, Inc.)

COBRA Payment. With the first payment commencing on the first day of the month following the month of the Employee’s Date of Termination due to a Disability, 24 monthly payments each equal to the Employee’s COBRA Premium; provided that such payments shall cease as of the date Employee becomes eligible for insurance coverage with a new employer. Employee is responsible for notifying Company of the date that Employee first becomes eligible for such insurance coverage.. CFB Employment Agreement

Appears in 1 contract

Samples: Employment Agreement (Crossfirst Bankshares, Inc.)

COBRA Payment. With the first payment commencing on the first day of the month following the month of the Employee’s Date of Termination due to a DisabilityTermination, 24 12 monthly payments each equal to the Employee’s COBRA Premium; provided that such payments shall cease as of the date Employee becomes eligible for insurance coverage with a new employer. Employee is responsible for notifying Company of the date that Employee first becomes eligible for such insurance coverage.

Appears in 1 contract

Samples: Employment Agreement (Crossfirst Bankshares, Inc.)

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COBRA Payment. With the first payment commencing on the first day of the month following the month of the Employee’s Date of Termination due to a DisabilityTermination, 24 36 monthly payments each equal to the Employee’s COBRA Premium; provided that such payments shall cease as of the date Employee becomes eligible for insurance coverage with a new employer. Employee is responsible for notifying Company Employer of the date that Employee first becomes eligible for such insurance coverage.

Appears in 1 contract

Samples: Employment Agreement (Crossfirst Bankshares, Inc.)

COBRA Payment. With the first payment commencing on the first day of the month following the month of the Employee’s Date of Termination due to a Disability, 24 12 monthly payments each equal to the Employee’s COBRA Premium; provided that such payments shall cease as of the date Employee becomes eligible for insurance coverage with a new employer. Employee is responsible for notifying Company of the date that Employee first becomes eligible for such insurance coverage.. CFB Employment Agreement

Appears in 1 contract

Samples: Employment Agreement (Crossfirst Bankshares, Inc.)

COBRA Payment. With the first payment commencing on the first day of the month following the month of the Employee’s Date of Termination due to a DisabilityTermination, 24 12 monthly payments each equal to the Employee’s COBRA Premium; provided that such payments shall cease as of the date Employee becomes eligible for insurance coverage with a new employer. Employee is responsible for notifying Company of the date that Employee first becomes eligible for such insurance coverage.; and

Appears in 1 contract

Samples: Employment Agreement (Crossfirst Bankshares, Inc.)

COBRA Payment. With the first payment commencing on the first day of the month following the month of the Employee’s Date of Termination due to a DisabilityTermination, 24 monthly payments each equal to the Employee’s COBRA Premium; ;, provided that such payments shall cease as of the date Employee becomes eligible for insurance coverage with a new employer. Employee is responsible for notifying Company Employer of the date that Employee first becomes eligible for such insurance coverage.

Appears in 1 contract

Samples: Employment Agreement (Crossfirst Bankshares, Inc.)

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